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Newsmax | http://www.newsmax.com The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record. Around noon in New York Wednesday, 5,000 lots of a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in […]

Newsmax | http://www.newsmax.com Ray highlights some problematic similarities between our times and the 1930s. • A large wealth gap • The absence of effective monetary policy • A change in the world order, in this case the rise of China and the potential for trade wars / technology wars / capital wars He threw in […]

How and When That Could Occur A dollar collapse is when the value of the U.S. dollar plummets. Anyone who holds dollar-denominated assets will sell them at any cost. That includes foreign governments who own U.S. Treasurys. It also affects foreign exchange futures traders. Last but not least are individual investors. When the crash occurs, […]

In effect, paying off debt is the same as investing at 12–30%. Daily Reckoning | Jim Rickards Americans in their 40s and 50s are devoting more of their discretionary income to paying off debt rather than savings or investments for retirement. Economically, this makes good sense. Paying down debt is the same as investing; you’re […]

Perhaps more concerning is the idea that people think minimalism will help them financially. Why Minimalism Will Never Make You Rich Written by Robert Kiyosaki | Tuesday, January 22, 2019 Seems like everyone is talking about KonMari these days. For those of you who don’t know about this, KonMari is a minimalist method invented by […]

The act, known as cryptojacking, has grown in popularity because it is hard to detect, reasonably passive and lucrative. NBCNews | Jasmine Boyse Hackers are quietly hijacking personal computers, company servers, cable routers, mobile devices and other forms of computing power to stealthily mine cryptocurrencies — a problem that cybersecurity experts warn is growing rapidly. […]

The subprime mortgage crisis was precipitated by lenders offering no-down payment loans with short-term “teaser” rates as low as zero. CNBC | Diana Olick Borrowers can have low credit scores, but have to go through an education session about the program and submit all necessary documents, from income statements to phone bills. They must go […]

U.S. consumer debt rose in July more than forecast as non-revolving credit grew by the most since November and credit-card debt outstanding rebounded. NewsMaxFinance | Bloomberg News Highlights of Consumer Credit (July) Total credit climbed $16.6b (est. up $14b) from a downwardly revised $8.5b gain the prior month (prev. $10.2b), the Fed announced. Non-revolving debt […]

The attack went unnoticed by Equifax for more than six weeks. NewsMaxFinance | Associated Press A new report by congressional investigators details how hackers broke into Equifax last year in a breach that exposed the financial information of more than 145 million Americans. The lawmakers who requested the report say they will press the Trump […]